Interesting movement is observed in the crypto market. The oldest investors in Bitcoin have started to sell significantly in recent days — on Thursday, we saw over $117 million worth of 1,650 BTC being liquidated. According to blockchain data, a whale who previously sold 11,000 BTC sold an additional 650 BTC, while another early investor emptied 1,000 BTC from their 5,000 BTC pool. The reason behind these sales is clear: the collapse of expectations for Fed interest rate cuts. Wednesday’s Federal Reserve decision has caused disappointment. While the central bank kept borrowing costs between 3.5% and 3.75%, it only indicated one rate cut this year. A month ago, market expectations included two or three cuts; now, the probability of just one cut has risen to 80%. In other words, the market has become much more cautious about Fed rate cuts. In this environment, risky assets are under pressure. Bitcoin started Wednesday with a 3.5% decline from $74,500 and fell to $70,600 when the news was written. Ethereum, XRP, Solana, and Dogecoin experienced similar losses. Broader market indices also dropped by 3%. As a result, investors understand that the Fed’s rate cut cycle will be slower. The prolonged expectation of tight monetary policy is making those willing to take risks uneasy. Former Bitcoin holders have picked up this signal and are reducing their positions. The market now faces concerns about inflation and energy prices rather than lower borrowing costs. In short, the Fed rate cut week was tough for crypto.

Looking at blockchain data, I see an interesting picture: major early Bitcoin holders have started actively selling off their positions. Over the past few hours, two experienced whales sold more than 1,650 BTC, which is about $117 million. One of them, by the way, previously withdrew 11,000 BTC, and now added another 650. The second OG holder with a reserve of 5,000 BTC released a full 1,000 coins. It seems the veterans are beginning to panic. The reason is clear – the Fed disappointed the bulls yesterday. The central bank kept the rate at 3.5–3.75%, but the main point in their forecasts: they indicated only one rate cut this year. A month ago, the market expected two or three cuts; now the probability has dropped from 62% to 80% for just one. Inflation remains stubborn, energy costs are rising, and the Fed is clearly not rushing to ease policy. The cryptocurrency market immediately reacted with a decline. Bitcoin fell nearly 1% to $70,600, although it has now recovered to $72,340. Ether, Solana, XRP, and other altcoins also lost several percent. The CoinDesk 20 index dropped 3%. When the central bank talks about a tough policy for a long time, risk assets always suffer first. So, expectations for quick liquidity easing have dissipated. It’s interesting whether whales will continue selling or if this was already a panic reaction.

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